Saturday, October 17

President Trump's executive order,TRUMP IMPOSES $100K VISA FEE

TRUMP IMPOSES $100K VISA FEE: A new $100,000 fee for H-1B visas to the US went into effect on Sunday, but it will not be applied to existing holders of valid visas re-entering the country. 

 

Why it matters: President Trump's executive order, as written, gave some lawyers the impression the fee would kick in immediately for existing holders — prompting panicked advice to clients to get back to the U.S. Saturday, or else.

 

Catch

 

 

up quick: Friday night, Trump signed an order requiring an H-1B holder, or their corporate sponsor, to pay an annual $100,000 fee for their visa.

 

 

 

 

For the biggest H-1B employers — tech companies like Microsoft and Amazon, and outsourcing companies like Cognizant — that could potentially mean a new fee burden in excess of $1 billion a year.

The intrigue: The rules kick in at 12:01 a.m. ET Sunday, but as written, some lawyers argued it appeared the fee would apply to anyone with an H-1B, even those whose visa was already approved, but who happen to be outside of the United States for some reason.

 

 

 

 

Some tech companies reportedly told their H-1B employees to get back to the U.S. by Saturday and not leave thereafter.

"I hate to say this, but if you are an H-1B worker outside the U.S. who already has an H-1B visa, the safest approach is re-entering before Sunday," immigration lawyer Douglas Russo said in a widely commented post on LinkedIn late Friday.

 

 

 

 

The fee will only apply to new applicants, not existing holders or renewals, the official said.

It will first apply in the upcoming lottery cycle for new applicants, the official added.

Of note: Saturday afternoon, U.S. Citizenship and Immigration Services director Joseph Edlow issued a memo confirming the fee order only applies to petitions not yet filed.

 

 

 

 

"The proclamation does not apply to aliens who: are the beneficiaries of petitions that were filed prior to the effective date of the proclamation, are the beneficiaries of currently approved petitions, or are in possession of validly issued H-1B non-immigrant visas," the memo says.

 

 

 

 

The big picture: While Trump's crackdown on border crossings has gotten the lion's share of attention, the fight over H-1B visas for highly skilled workers has been in many ways an equally contentious part of his immigration policy. - AXIOS

  • Share:

Info News

Cloud Computing Solutions

    rn
  1. Transforming Modern Businesses
    rn Cloud computing has become a cornerstone of modern business operations, allowing companies to store data, run applications, and scale resources efficiently. By moving to cloud-based platforms, businesses can reduce infrastructure costs and improve operational flexibility. This shift is especially valuable for growing companies.
  2. rn
rnrn

Cloud technology also enhances collaboration and data security. Employees can access systems remotely while maintaining secure connections, improving productivity and efficiency. As digital transformation continues, cloud computing remains a critical tool for business success.

rnrn

 

rn

Best High-Yield Savings Accounts for Long-Term Financial Growth

Why High-Yield Savings Accounts Are Popular

rnrn

High-yield savings accounts have become one of the most attractive banking products for consumers seeking safe and reliable ways to grow their money. Unlike traditional savings accounts that often offer very low interest rates, high-yield accounts provide significantly better annual percentage yields, helping savers build wealth more efficiently.

rnrn

Online banks have played a major role in increasing the popularity of high-yield savings accounts. Because online financial institutions operate with lower overhead costs than traditional banks, they can often provide more competitive interest rates and reduced fees.

rnrn

In uncertain economic conditions, many consumers prioritize financial stability and emergency savings. High-yield accounts offer both accessibility and growth potential, making them ideal for emergency funds, short-term savings goals, and financial planning.

rnrn

Key Features to Compare

rnrn

Consumers should carefully compare account features before choosing a high-yield savings account. Interest rates are important, but they should not be the only factor considered.

rnrn

Monthly maintenance fees can reduce earnings significantly over time. Savers should look for accounts with low or no monthly fees whenever possible. Minimum balance requirements should also be reviewed carefully to avoid penalties or reduced interest rates.

rnrn

FDIC insurance protection is another critical consideration. Accounts insured by the Federal Deposit Insurance Corporation protect deposits up to legal limits, providing additional peace of mind for consumers.

rnrn

Building Strong Savings Habits

rnrn

Consistent deposits are one of the best ways to maximize savings growth. Many financial experts recommend setting up automatic transfers from checking accounts into savings accounts each month.

rnrn

Combining high-yield savings accounts with strong budgeting practices can help consumers improve financial security and prepare for unexpected expenses. Emergency funds covering three to six months of living expenses remain a common financial recommendation.

rnrn

Final Thoughts

rnrn

High-yield savings accounts provide an effective and low-risk way to grow savings while maintaining easy access to funds. Competitive interest rates, strong security protections, and flexible banking features make these accounts valuable tools for modern financial planning.

rnrn

Consumers who compare options carefully and maintain consistent saving habits can significantly improve long-term financial stability and wealth-building potential.

rn